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For pre-approval, the buyer actually applies for a mortgage and receives a commitment in writing from a lender. You should begin this process by determining how much house you can afford.
You should prepare yourself by making a few preliminary decisions to determining what you want and can afford. Also you’ll avoid being disappointed when going after homes that are out of your price range. The best way to do this is to take a few pre-qualification steps such as meeting with a mortgage broker and find out how much you can afford to pay for a home.
While knowing how much you can afford is the first step, sellers will be much more receptive to potential buyers who have been pre-approved. Buying a home is a major step in anyone’s life.